Everyone wants a quality, affordable home, but in some cases, something as little as curb appeal or a stereotype can keep a family from buying a home, especially when that home is a manufactured home.
The fact of the matter is that manufactured homes, often referred to by people as mobile homes, have come a long way over the years. Manufactured homes, especially Clayton Built® manufactured homes, can be built with quality and custom options like a site built home and still be available at a reasonable, affordable price!
Let’s get back to this whole thing about letting something as small as a stereotype keep you from purchasing the home of your dreams. According to a Curbed interview with Sarah Epperson at Next Step, the stigma around manufactured housing is changing.
Epperson said in the interview that the stigma around manufactured homes somewhat remains in the Southeast, but she’s found that home buyers in the Pacific Northwest embrace manufactured homes and in the Southwest, they have a positive attitude toward manufactured housing.
As manufactured homes and the stigma around them have changed, so have the demographics of the people who buy mobile homes in the U.S. Here are a few statistics, according to Foremost, that show the demographics of who lives in manufactured homes.
More and more people are turning to manufactured homes every day because of the affordable prices. According to Zillow, 8% of home buyers in 2016 were looking for a mobile or manufactured home.2
Although there are a variety of demographics who purchase and live in manufactured homes in the U.S., you can see that first-time home buyers are a large part of the manufactured home industry. After all, according to Zillow, first-time home buyers made up 47% of the home buying market in 2016.2 Many of these first-time home buyers are indeed looking at manufactured homes for their first home.
And what are home buyers looking for? According to Zillow, the top four things home buyers indicated they were looking for in a home were2:
- Budget fit
- Safe neighborhood location
- Floor plan that fits their needs
- Right amount of bedrooms
A customizable manufactured home with an open floor plan and different bedroom count options not only meets some home buyers’ top needs, but with a variety of price ranges, a new manufactured home can allow new homeowners to achieve homeownership in an affordable way that fits their budget.
In fact, not only do first-time home buyers thrive in new manufactured homes, but according to Zillow, they are also looking for friendly market conditions, which includes Southern and Midwestern metro areas.3
And those regions are places where manufactured homes are rising in sales. Texas for instance had the largest amount of new manufactured homes in 2016 and other top states where new manufactured homes were shipped include Louisiana, Florida, Alabama and Michigan.4
However, no matter where you’re at in the country or your age, we want to help you achieve the American Dream of homeownership. Visit a Clayton home center to take a walk-through of a fully furnished manufactured home, and let us get you started on your home buying journey today!
1. 2012 Mobile Home Facts. PDF. Caledonia: Foremost Insurance Group, May 2013. www.foremost.com/mobile-home-market-facts/2012-Market-Facts.pdf.
2. "The Zillow Group Report on Consumer Housing Trends." Zillow. June 28, 2017. Accessed November 20, 2017. https://www.zillow.com/research/zillow-group-report-2016-13279/#buyer.
3. Olsen, Skylar. "Southern Comfort: First-Time Home Buyers Will Find More Favorable Conditions in the South." Zillow. May 12, 2017. Accessed November 21, 2017. https://www.zillow.com/research/first-time-home-buyers-index-15130/.
4. "Manufactured Housing Annual Shipments to States: 2011-2017.” United States Census Bureau. 2017. Accessed December 5, 2017. https://www.census.gov/data/tables/time-series/econ/mhs/shipments.html
Topics Manufactured Housing